[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  boyzMETA [@boyz_meta](/creator/twitter/boyz_meta) on x 4121 followers Created: 2025-07-23 23:32:58 UTC I’ve been monitoring Japanese Gov’t Bond (JGB) especially on long-term 10Y-, 20Y-, 30Y-, and 40Y- maturities. These bonds determine the demand/supply dynamic based on Japanese economy. Since last year, there have been many headwind and tailwind that cause this volatility: ▶️In the past, Bank of Japan (BoJ) has been the major buyer of JGB to control their currency and yield as an austerity measure for controlling inflation. Since early last year 2024, BoJ has slowed down their purchase on long term bonds. Less quantitative easing; higher yields . ▶️Last month BoJ has decided to cut the issuance of 20-40 year long term bonds. By doing this, global investors who usually park capital in long term maturities would likely shift and move to short term maturities and cause long term yields to spike. ▶️Japanese Upper House election result. Pro-crypto LDP party has lost its majority. Populist parties like Sanseito considers to increase Debt/GDP ratio, more debts due to broader tax relief on lowering income and consumption taxes. Hence investors lose confident and dump long term bonds (higher yield) There could be more headwind ahead in the future.. But what concerning is, these long term JGB yields are keep increasing at faster pace which would put higher borrowing cost and burden for local Japanese people. ✔️JP10Y maturity - triple top this year and highest since 2009 ✔️JP20Y maturity - double top this year and highest yield ever since inception ✔️JP30Y maturity - double top this year and highest yield ever since inception ✔️JP40Y maturity - bullish pattern (NOT yet double top), but highest yield ever since inception All of these show slowing demand with less Bank of Japan support! I dont know what is the global implication here!. This is more volatile and higher than 2008 global financial crisis with NO Bitcoin, NO altcoins, NO BTCTC leverage assets I also don’t know what would be the assigned mNAV that Mr. Market is going to give to Metaplanet during this global volatility explosion. I understand there is fair mNAV calculation based on math, but during negative sentiment, "market can stay irrational longer than you can stay solvent" One thing for sure is, Japanese ¥ will weaken long term against USD and local Japanese people would hold burden of less buying power, yield starve and higher borrowing cost. Just want to share my global perspective. Hope everyone is well. $MTPLF #メタプラネット 3350  XXXXX engagements  **Related Topics** [currency](/topic/currency) [japan](/topic/japan) [bank of](/topic/bank-of) [volatility](/topic/volatility) [javascript](/topic/javascript) [longterm](/topic/longterm) [Post Link](https://x.com/boyz_meta/status/1948164466283290757)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
boyzMETA @boyz_meta on x 4121 followers
Created: 2025-07-23 23:32:58 UTC
I’ve been monitoring Japanese Gov’t Bond (JGB) especially on long-term 10Y-, 20Y-, 30Y-, and 40Y- maturities.
These bonds determine the demand/supply dynamic based on Japanese economy.
Since last year, there have been many headwind and tailwind that cause this volatility:
▶️In the past, Bank of Japan (BoJ) has been the major buyer of JGB to control their currency and yield as an austerity measure for controlling inflation. Since early last year 2024, BoJ has slowed down their purchase on long term bonds. Less quantitative easing; higher yields .
▶️Last month BoJ has decided to cut the issuance of 20-40 year long term bonds. By doing this, global investors who usually park capital in long term maturities would likely shift and move to short term maturities and cause long term yields to spike.
▶️Japanese Upper House election result. Pro-crypto LDP party has lost its majority. Populist parties like Sanseito considers to increase Debt/GDP ratio, more debts due to broader tax relief on lowering income and consumption taxes. Hence investors lose confident and dump long term bonds (higher yield)
There could be more headwind ahead in the future..
But what concerning is, these long term JGB yields are keep increasing at faster pace which would put higher borrowing cost and burden for local Japanese people.
✔️JP10Y maturity - triple top this year and highest since 2009 ✔️JP20Y maturity - double top this year and highest yield ever since inception ✔️JP30Y maturity - double top this year and highest yield ever since inception ✔️JP40Y maturity - bullish pattern (NOT yet double top), but highest yield ever since inception
All of these show slowing demand with less Bank of Japan support!
I dont know what is the global implication here!.
This is more volatile and higher than 2008 global financial crisis with NO Bitcoin, NO altcoins, NO BTCTC leverage assets
I also don’t know what would be the assigned mNAV that Mr. Market is going to give to Metaplanet during this global volatility explosion.
I understand there is fair mNAV calculation based on math, but during negative sentiment, "market can stay irrational longer than you can stay solvent"
One thing for sure is, Japanese ¥ will weaken long term against USD and local Japanese people would hold burden of less buying power, yield starve and higher borrowing cost.
Just want to share my global perspective.
Hope everyone is well.
$MTPLF #メタプラネット 3350
XXXXX engagements
Related Topics currency japan bank of volatility javascript longterm